Three Months Ended | Six Months Ended | |||
---|---|---|---|---|
June 30, | June 30, | |||
2011 | 2010 | 2011 | 2010 | |
Operating revenue | $ 42,267 | $ 32,207 | $ 82,317 | $ 63,810 |
Operating expenses: | ||||
Cost of services provided | 8,914 | 7,427 | 16,221 | 14,490 |
Product development | 4,802 | 3,571 | 9,421 | 6,934 |
Sales and marketing | 3,261 | 1,748 | 6,113 | 3,074 |
General and administrative | 4,694 | 5,005 | 12,455 | 10,665 |
Amortization and depreciation | 1,991 | 1,448 | 3,868 | 2,880 |
Total operating expenses | 23,662 | 19,199 | 48,078 | 38,043 |
Operating income | 18,605 | 13,008 | 34,239 | 25,767 |
Interest income | 129 | 127 | 329 | 215 |
Interest expense | (159) | (246 ) | (374 ) | (514 ) |
Other non-operating income (losses) | (464 ) | 1,444 | (818 ) | 1,761 |
Foreign currency exchange gain | 1,397 | 233 | 2,865 | 336 |
Income before income taxes | 19,508 | 14,566 | 36,241 | 27,565 |
Income tax benefit (expense) | 2,840 | (556 ) | 1,271 | (1,171 ) |
Net income | $ 22,348 | $ 14,010 | $ 37,512 | $ 26,394 |
Basic earnings per common share | $ 0.57 | $ 0.40 | $ 0.97 | $ 0.76 |
Diluted earnings per common share | $ 0.53 | $ 0.36 | $ 0.90 | $ 0.67 |
Basic weighted average shares outstanding | 39,159 | 34,958 | 38,658 | 34,853 |
Diluted weighted average shares outstanding | 42,344 | 39,275 | 41,882 | 39,305 |